Soros on Deflationary Debt Spiral Due To Austerity In Europe

"Billionaire investor George Soros warned of a possible breakup of the European Union at the World Economic Forum's annual meeting in Davos, Switzerland, which he said would plunge the continent into political and economic turmoil. The crisis in Europe, he recently said, mirrors the broader crisis facing the global economy...".* The Young Turks host Cenk Uygur breaks it down.

*http://www.huffingtonpost.com/2012/01/25/george-soros-davos-2012-europe-austeri­ty_n_1231243.html

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Category:

News & Politics

Tags:

• george soros
• world economic forum
• davos soros deflationary
• soros austerity
• europe austerity
• soros davos
• europe economy
• europe crisis
• europe banks
• european debt
• europe debt
• debt crisis
• eurozone
• young turks
• cenk uygur
• tyt

[WeTheBanks]

Cenk needs to brush up on economics. Deflation benefits savers. Inflation punishes savers. Though he is right about low interest rates, which punish savers, but that’s because it causes inflation as loans increase and the money supply does likewise

[Dasmaster1]

I wish competent people actually got into power...

[baptsan]

@saburius

You do not know about Hungary.

The socialist goverment did nothing but steal, and destroyed my

country.

I know. I voted them years ago !

[fububalla]

@WeTheBanks yea I was thinking the same thing when he said this, It was screaming wrong! Deflation as Soros said is actually what we need now couple with more incentives to really small biz (1/2 $ billion in annual revenue).

[fatty099]

TYT...Leftist dickheads who don't have a clue. Soros is a convicted criminal...

[fatty099]

George Soros stole the equity in the American Home Owners property by shorting the mortgage bond and going long the Credit Default Swap using Goldman Sachs Abacus Fund which was set up by him and John Paulson who handpicked the CDO’s that would be in the Fund. Between them they made around 23 Billion dollars. It has never been disclosed who the investors in the Paulson and Quantum Hedge Funds were

[MsTsarbomba]

@eqsmooth Go back to the Bay area and suck and massage some more cock up your filthy arse and listen to the propaganda with those other sexually deviant Communists from your side hahaha you fucking moron

[sunkeninblood]

@MsTsarbomba <------ sparkling conversationalist

[MsTsarbomba]

FUCK AMERICA ITS A SHITHOLE THATS RIGHT IVE BEEN THERE BEFORE AND ITS FULL OF DUMB FUCKS WHO WATCH THIS SORT OF BULLSHIT WHILEST THE BORDERS ARE FLOODING WITH 3RD WORLD INDIAN CURRY MUNCHING FUCKS AND LATINOS. AMERICA DESERVES TO PERISH WITH FUCKS LIKE THIS ON TV

[eqsmooth]

@MsTsarbomba

Very intelligent deep thoughts. My erudition & experience seem to bring out the hate and fear in pussies like you.

[MsTsarbomba]

FUCK THIS COCKSUCKER IS FULL OF SHIT WITH ALL OF HIS ECONOMIC IGNORANCE AND PORTRAYING THIS FAKE DEMOCRAT VS REPUBLICAN POLITICAL PARTISANSHIP.

[MsTsarbomba]

@eqsmooth FUCKING LEFTIST COCKSUCKER ENJOY USING OBAMANOIDS MONEY NOTES TO WIPE YOUR ARSE WITH